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Author: Martin Young, Cointelegraph; Compilation: Deng Tong, Bit Chain Vision World
The cryptocurrency mining giant Marathon Digital is entering the Bitcoin expansion field through the newly released multi -chain Layer 2 network.
The company revealed in a blog post on February 28 that it has been incubating expansion platforms to accelerate the development and adoption of Bitcoin.
Anduro aims to act as a application layer and encourage innovation in the Bitcoin ecosystem by allowing the creation of multiple side chains.
The company said that programmable Layer 2 aims to “systematically integrate decentralized governance, focusing on becoming the most reliable and developing person -centered Bitcoin Layer 2”.
It added that although Marathon helped hatch Anduro, its purpose was to be led and promoted by the community.
The mining giant said it was also developing the first two side chains on Anduro, Coopetive and ALYS.Coordination provides an economic and efficient UTXO stack for the Ordinals community, and ALYS is a side chain compatible with Ethereum for institutional assets.
Anduro uses a novel system called combined mining, which allows miners like Marathon to obtain income from Anduro side chain transactions, while continuing Bitcoin mining.
According to LitePaper, governance is performed by “diversified alliance called Bitcoin long -term entities called Collective”.However, once unbelievable alternatives reach the state of production, this will gradually be eliminated.
Anduro network design, Source: Marathon Digital
Fred Thiel, Chairman and CEO of Marathon, said the company has vested interests in supporting Bitcoin ecosystem innovation, including Anduro and other projects.
“We believe in testing, iteration, and let the market decide which ideas will be successful,” he added. “Anduro is one of the ideas for providing value for Bitcoin holders and application developers.Continuousness “
Litepaper reports that the company’s next step is to recruit “influential and consistent partners” to invest in the forefront of Bitcoin.
Earlier this month, Marathon launched a new direct Bitcoin transaction submission service called “SlipStream”.
After the speculation of Ordinals and BRC-20 in 2023, the narrative of Bitcoin Layer-2 is being motivated.Therefore, as the BTC has soared to a new high, tokens used to expand projects such as Bitcoin or provide smart contracts have soared in recent weeks.
